Amiad Water Systems Ltd Result of AGM (8234J)

TIDMAFS

RNS Number : 8234J

Amiad Water Systems Ltd

24 December 2020

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Result of Annual General Meeting

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that at the Annual General Meeting ("AGM" or the "Meeting"), held earlier today, all resolutions were duly passed. Resolution 8, which concerned the re-appointment of Mr. Derek Zissman as a statutory external director of the Company, was formally withdrawn ahead of the Meeting and the Company will provide an update on this matter in due course.

Details of the proxy voting results, which should be read alongside the Notice of AGM, are below:

 
 Resolution          Votes for              Votes against        Votes withheld   Total proxy 
                                                                                      votes 
                No. of     % of votes    No. of     % of votes       No. of 
                 votes        cast*       votes        cast*          votes 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     1        26,811,356     100.00         0          0.00            0           26,811,356 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     2        26,811,356     100.00         0          0.00            0           26,811,356 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     3        26,585,817     99.16       225,539       0.84            0           26,811,356 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     4        26,585,817     99.16       225,539       0.84            0           26,811,356 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     5        23,105,836     86.18      3,705,520     13.82            0           26,811,356 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     6        26,585,817     99.16       225,539       0.84            0           26,811,356 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     7        25,541,149     95.26      1,270,207      4.74            0           26,811,356 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     9        26,811,356     100.00         0          0.00            0          26,811,356** 
             -----------  -----------  ----------  -----------  ---------------  ------------- 
     10       26,811,356     100.00         0          0.00            0          26,811,356** 
             -----------  -----------  ----------  -----------  ---------------  -------------

There were no discretionary votes cast.

* Excludes withheld votes.

** In accordance with Israeli law, in addition to a regulator majority of votes, a majority of votes of shareholders not defined as a 'controlling shareholder' or as having a 'personal interest' is also required for resolutions 9-10 to pass. These resolutions all passed on this basis.

Enquiries

 
 Amiad Water Systems Ltd. 
 Yariv Avisar, Chairman 
  Dori Ivzori, Chief Executive 
  Officer                         +972 4 690 9500 
                                 ----------------- 
 
 Stifel Nicolaus Europe Ltd. 
                                 ----------------- 
 Stewart Wallace, Ben Maddison    +44 20 7710 7600 
                                 ----------------- 
 
 Luther Pendragon 
                                 ----------------- 
 Harry Chathli, Claire Norbury    +44 20 7618 9100 
                                 -----------------

About Amiad

Amiad Water Systems (AIM: AFS) is a leading global producer of automatic, self-cleaning water treatment and filtration products and systems. Through its engineering skills and ability to innovate, Amiad provides cost-effective "green" solutions for irrigation and industrial purposes. In these markets, its unique and high-quality products are being integrated into the core of systems for filtration and water treatment, micro irrigation and membrane protection, wastewater and potable water treatment, cooling systems and sea water filtration. Headquartered in Israel, Amiad provides these solutions through ten subsidiaries and a comprehensive network of distributors to customers in more than 80 countries.

FIMI Opportunity Funds, the leading private equity investor in Israel, is a controlling shareholder of Amiad, with an interest in 39.5% of the Company's outstanding issued share capital.

For additional information or product details, please visit www.amiad.com

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